Rubrik (NYSE:RBRK) CTO Sells $1,159,056.20 in Stock

Rubrik, Inc. (NYSE:RBRK) CTO Arvind Nithrakashyap sold 12,820 shares of Rubrik stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $90.41, for a total value of $1,159,056.20. Following the sale, the chief technology officer directly owned 293,293 shares in the company, valued at approximately $26,516,620.13. This trade represents a 4.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Arvind Nithrakashyap also recently made the following trade(s):

• On Tuesday, September 8th, Arvind Nithrakashyap sold 12,820 shares of Rubrik stock. The shares were sold at an average price of $91.33, for a total value of $1,170,850.60.
• On Wednesday, August 5th, Arvind Nithrakashyap sold 12,820 shares of Rubrik stock. The shares were sold at an average price of $83.71, for a total transaction of $1,073,162.20.
• On Monday, August 3rd, Arvind Nithrakashyap sold 12,820 shares of Rubrik stock. The stock was sold at an average price of $74.04, for a total transaction of $949,192.80.
• On Wednesday, July 8th, Arvind Nithrakashyap sold 12,820 shares of Rubrik stock. The stock was sold at an average price of $84.58, for a total value of $1,084,315.60.
• On Monday, July 6th, Arvind Nithrakashyap sold 12,820 shares of Rubrik stock. The stock was sold at an average price of $87.78, for a total value of $1,125,339.60.

Rubrik Stock Down 2.8%

Shares of Rubrik stock opened at $86.45 on Friday. Rubrik, Inc. has a 12-month low of $42.25 and a 12-month high of $107.91. The stock has a market capitalization of $17.79 billion, a P/E ratio of -68.61 and a beta of 1.24. The company has a 50-day simple moving average of $87.68 and a 200 day simple moving average of $69.98.

Rubrik (NYSE:RBRK) last issued its quarterly earnings data on Thursday, August 27th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.16. The firm had revenue of $427.26 million for the quarter, compared to the consensus estimate of $396.30 million. Rubrik’s quarterly revenue was up 43.9% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.03) earnings per share. Rubrik has set its FY 2027 guidance at 0.470-0.530 EPS and its Q3 2027 guidance at 0.070-0.090 EPS. On average, equities analysts anticipate that Rubrik, Inc. will post -1.16 earnings per share for the current year.

Analysts Set New Price Targets

RBRK has been the topic of several analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Rubrik in a report on Wednesday, June 24th. BMO Capital Markets lifted their price objective on Rubrik from $98.00 to $115.00 and gave the company an “outperform” rating in a report on Friday, August 28th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $120.00 price objective on shares of Rubrik in a research report on Friday, August 28th. Wedbush started coverage on Rubrik in a research report on Friday. They issued an “outperform” rating and a $120.00 target price on the stock. Finally, Loop Capital started coverage on Rubrik in a research note on Monday, August 3rd. They issued a “buy” rating and a $100.00 target price on the stock. Twenty-eight equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $113.31.

Hedge Funds Weigh In On Rubrik

Large investors have recently modified their holdings of the business. Sequoia Financial Advisors LLC bought a new position in shares of Rubrik in the 2nd quarter valued at about $317,000. Van Hulzen Asset Management LLC bought a new stake in Rubrik during the second quarter worth about $1,132,000. Pinnacle Wealth Management Advisory Group LLC bought a new stake in Rubrik during the second quarter worth about $223,000. Integrated Wealth Concepts LLC boosted its position in Rubrik by 181.9% during the second quarter. Integrated Wealth Concepts LLC now owns 21,471 shares of the company’s stock valued at $1,724,000 after purchasing an additional 13,854 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its position in Rubrik by 3,699.4% during the second quarter. NewEdge Advisors LLC now owns 6,649 shares of the company’s stock valued at $534,000 after purchasing an additional 6,474 shares during the last quarter. 49.54% of the stock is currently owned by institutional investors and hedge funds.

Rubrik Company Profile

Rubrik, Inc is a cloud data management and cyber resilience company that helps organizations protect, manage and recover data across on-premises systems, cloud environments and software-as-a-service applications. Its platform is designed to support data backup, recovery, security monitoring and operational resilience.

The company’s principal offering, Rubrik Security Cloud, provides centralized capabilities for data protection and cyber recovery. The platform helps organizations identify sensitive data, monitor for threats, maintain secure backups and restore systems following events such as ransomware attacks, operational failures or other disruptions.

Rubrik was founded in 2014 by Bipul Sinha, Arvind Nithrakashyap and Soham Mazumdar.